alstry (35.28)

The SYSTEM Is More Important That You...

13

60,000,000 Americans depend on Social Security......60,000,000 and growing rapidly and now we don't earn enough money to pay them.....

America has a $1,600,000,000,000 dollar DEFICIT......

We simply don't EARN enough DOLLARS to support our current SYSTEM.....

AND

If there is no system, we have NOTHING.

As we bail out Wall Street...and let Main Street rot.....pretty soon we will not have a system as most live and function on Main Street. Don't you think it is about time to stop staring at the ticker and start focusing on the SYSTEM?

Deficits are fixable you know. Federal tax revenues are up 18% which will go a long way towards ending our deficit. We are pulling troops out of the middle-east which will save us 100 billion a year. The 2012 budget will also make huge progress towards reducing the deficit. You act like nothing is happening that will reduce the deficit. We cut 80 billion from this years budget and we will cut much more next year. If congress was totally ignoring the problem then I would agree with you but they are in negotiations to make serious cuts to our budget. I think you should save your sky is falling routine for a couple years down the road.

Most of that deficit is due to the growth of medicare and medicaid. You can easily make those programs less generous without destroying the system. They will push more people into generic prescriptions and due cost benefit analysis for rare more expensive treatments. We are also spending 500 billion more per year than normal supporting our troops in Iraq and Afghanistan. That will soon be coming to an end soon. We had a balanced budget during the Clinton administration and the system didn't end. All it takes to fix the problem is politicians that have enough courage to make tough decisions.

The source of all of our problems is the tractor and cotton gin. Without those inventions the slaves never would have been freed, hundreds of thousands of men would have had jobs, the Civil War would never have happened, the Federalists would have not made the power grab they desired for so long, the QE of 1865 (Resconstruction, to you and me) never would have happened thus the seeds of government aide and entitlement programs would never have been sewn.

I saw the article about the British woman being beheaded in the Canary Islands in Spain too. And of course that does have something to do with the USA's deficit. I think the perpetrator was driven nuts by reading blogs on this website from far right-wing fear whacko fear mongers.

Anyway, deficit spending is the way to get out of a recession. Maybe it is not working as well as we would like but it is working. And right now the cost of servicing our debt is less than it was in 1998.